More in Global Economy


7 months

First In, First Out – China as a Leading Indicator

·        China was the first country to recover from the Covid-19 pandemic

7 months

A Primer on SPACs

Imagine that an entrepreneur who is running a promising business wants to change over from being a privately-held company and to become a publicly-owned company--that is, to get an infusion of money in exchange for becoming accountable to shareholders. How might this be done? 

7 months

Inflation is Back: American Consumers Are Worried

The University of Michigan consumer confidence index fell to 82.8 in May, from 88.3 in April.

7 months

Interview with Christopher Pissarides: Unemployment and Labor Markets

Michael Chui and Anna Bernasek of the McKinsey Global Institute interview Christopher Pissarides (Nobel, '10) "about how he developed the matching theory of unemployment, how COVID-19 affected his research, and what might be in store for labor markets after the pandemic" (May 12, 2021, "Forward Thinking on unemployment with Sir Christopher Pissarides"). At the website, audio is available for the half-hour interview, along with an edited transcript, upon which I will draw here.

7 months

Is the Pandemic Worse in Lower or Higher Income Countries?

It seems obvious that the COVID-19 pandemic must be worse in lower-income countries.

7 months

The Slow Magic from Agricultural R&D

For much of human history, a majority of people have worked in agriculture.

7 months

Forget a Digital Dollar, Bank on Bitcoin

Since the U.S. abandoned the gold standard, the value of a currency is what it represents, not what it’s backed by, digital or otherwise.